BACK-UP OFFER ADDENDUM ADDENDUM # _____

BACK-UP OFFER ADDENDUM

ADDENDUM # _____________

In reference to the Agreement to Buy and Sell Real Estate between _____________________________ (“Buyer”) and

___________________________ (“Seller”) dated ______________________ (Back-Up Offer), covering the real property located at

____________________________________________, the undersigned Buyer and Seller further agree as follows:

ACKNOWLEDGMENT

Buyer and Seller acknowledge there is a previously accepted Agreement to Buy and Sell Real Estate (Primary Contract) and agree as

follows:

1. EFFECTIVE

If the Primary Contract is terminated, unenforceable and no lawsuit is pending, the Seller shall notify Buyer in writing

of said termination and this Back-up Offer shall become effective and binding as the Primary Contract upon Buyer’s

receipt of the written notification, which date shall become the Effective Date. The Closing Date and all time periods

for inspections, covenants and other obligations shall be calculated and re-stated based on their time relationship to

the new Effective Date set forth above.

2. WITHDRAWN

Buyer may withdraw this Back-up Offer in writing any time prior to it becoming the Primary Contract and, in said

event, the earnest money shall be immediately refunded to the Buyer.

3. EXPIRATION

Unless previous withdrawn by the Buyer, this Back-up Offer shall expire on ______ or upon closing of the Primary

Contract, whichever occurs first. Upon expiration, the earnest money shall be immediately refunded to the Buyer.

4. OTHER TERMS

________________________________________________________________________________________

SELLER’S RIGHT TO MODIFY CURRENT PRIMARY CONTRACT

Buyer acknowledges nothing in this Addendum shall in any way restrict the right of Seller to modify the terms of the current Primary

Contract, as Seller, in Seller’s sole discretion, may deem advisable.

CONFLICTING TERMS

The above is acknowledged by the Buyer and Seller to be part of the Agreement to Buy and Sell Real Estate/Back-Up Offer. If any

dates, terms or conditions in this Back-Up Offer Addendum conflict with the above referenced Agreement to Buy and Sell Real

Estate/Back-Up Offer, this Addendum shall control.

_________________________________________ Date: _______________________ Time: _____________

Buyer

_________________________________________ Date: _______________________ Time: _____________

Buyer

_________________________________________ Date: _______________________ Time: _____________

Seller

_________________________________________ Date: _______________________ Time: _____________

Seller